The article discusses four reasons why the price of Polkadot (DOT) may experience a surge in the near future.
The first reason is the strong technicals of the coin, with the price finding strong support at $3.742 and forming a quadruple bottom. This indicates a potential 169% surge to reach a neckline at $11.
The second reason is the potential approval of a spot Polkadot ETF by the SEC. The current SEC leadership is more favorable towards the crypto industry, increasing the likelihood of approval and attracting more inflows.
The third reason is the inclusion of Polkadot in Strategic Bitcoin Reserves (SBR) created by an executive order signed by Donald Trump. Polkadot's establishment by Gavin Wood, its utility in various parachains, and upcoming Polkadot 2.0 upgrades make it a suitable candidate for inclusion in the reserves.
Lastly, the upcoming Polkadot 2.0 upgrade, particularly the Join-Accumulate Machine (JAM) and Polkadot Virtual Machine (PVM) features, will enhance the network's scalability, flexibility, and ease of deploying smart contracts.
Overall, these factors suggest that the Polkadot price may experience a significant surge in the coming months.
Content Editor ( invezz.com )
- 2025-03-08
Polkadot price predictions: 4 reasons DOT token may surge soon
